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November 28, 2023

BSP chief bucks revival of OPSF amid rising oil prices

Bangko Sentral ng Pilipinas Governor Benjamin Diokno is strongly opposing proposals to revive the Oil Price Stabilization Fund (OPSF) amid rising pump prices of fuel products caused by Russia’s invasion of Ukraine.

UnionBank hires 2 senior officers

Union Bank of the Philippines led by bankero Edwin Bautista has hired two senior officers to beef up the bank’s treasury group as well as compliance and corporate governance office. The Board of Directors of the Aboitiz-owned bank has approved the employment of Treasury Group assistant vice president Juan Sebastian Santiago. The bank also tapped […]

Fintech actors draw strength in numbers

The small fintech actors, especially those organized without the protective umbrella of a huge corporate parent, now enjoy a greater sense of security and comradeship with the establishment of the largest private-sector-led organization in the business under the group Digital Pilipinas or DP.

RTB sales democratizing bond ownership

More than a third of all debt notes issued by the national government last year were retail in nature and deliberate so in hopes of expanding the ownership of government bonds beyond its usual audience of banks and financial institutions.

Earnings of RCBC jump 41% to record P7.1B

The profits of Rizal Commercial Banking Corp. (RCBC) headed by bankero Eugene Acevedo surged 41 percent to P7.08 billion last year from P5.02 billion in 2020 after a strong fourth quarter.